SemiLEDs (NASDAQ:LEDS) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of SemiLEDs (NASDAQ:LEDS) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

NASDAQ LEDS opened at $2.51 on Tuesday. The company’s fifty day simple moving average is $2.44 and its 200-day simple moving average is $3.02. SemiLEDs has a 52 week low of $2.07 and a 52 week high of $5.57. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.09 and a quick ratio of 0.56.

SemiLEDs (NASDAQ:LEDS) last posted its earnings results on Wednesday, July 10th. The semiconductor company reported ($0.24) EPS for the quarter. SemiLEDs had a negative return on equity of 99.88% and a negative net margin of 60.58%. The firm had revenue of $1.75 million for the quarter.

SemiLEDs Company Profile

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips and LED components in the United States, Taiwan, the Netherlands, France, China, Germany, Hong Kong, and internationally. The company's products are used for general lighting applications, including street lights and commercial, industrial, system and residential lighting.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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